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CleanCore Sets $175M Deal for 'Official' Dogecoin Treasury as Stock Slides 60%

Closing is slated for Sept. 4 pending regulatory approval.

Overview

  • CleanCore’s PIPE totals $175,000,420 via 175,000,420 pre-funded warrants priced at $1 each to fund DOGE purchases and working capital.
  • Dogecoin will become the company’s primary treasury reserve under a foundation-backed strategy focused on institutional governance and reporting.
  • House of Doge and 21Shares will advise treasury management, with staking-like yields and exchange integrations under evaluation.
  • Leadership changes include Alex Spiro as chairman, Timothy Stebbing joining the board, and Marco Margiotta becoming chief investment officer.
  • More than 80 investors participated—including Pantera, GSR, and FalconX—as shares fell roughly 59–60% following the announcement.